Submarine contract a significant boost for local industry

article image


‘Today’s announcement that DCNS will build the country’s next fleet of submarines in Australia is an historic investment for the local ship building industry,’ says ICN Limited’s executive director, Derek Lark.

‘ICN has a consultant embedded in Australian Submarine Corporation (ASC) to promote the vast capability and innovation of local suppliers and we are pleased to have been part of such a significant process.

‘Since we started 30 years ago, funding received from the Australian Government has allowed ICN to help local companies win more than $30 billion worth of work.

‘We use this funding for one purpose only and that’s to help local businesses win contracts that otherwise may have gone overseas,’ Derek said.

‘We applaud Prime Minister Turnbull’s commitment that every dollar spent on defence procurement should be spent in Australia wherever possible.

‘And particularly note, the importance the government has placed on the use of local steel.

‘ICN has a long history in the defence procurement space and we look forward to seeing a sustainable naval shipbuilding industry in Australia.

‘Our experience shows that Australia is home to incredibly capable and innovative local suppliers, and this announcement acknowledges the expertise available right here in Australia,’ Derek said.

‘The announcement reinforces the Turnbull Government’s commitment to innovation and how it will be key to our country’s long-term success.

‘Every day we work with innovative suppliers to help them find new customers and markets. We’ve facilitated contracts for gas drainage systems into China, cyclone-proof homes in the South Pacific and even a world-first technology for objectively grading opals,’ Derek said.

‘Local build, local jobs, local steel and local innovation. This is an exciting time for South Australia and the greater Australian community.

‘The Prime Minister has sent a strong message to the business community about its commitment to jobs and industry growth. We look forward to working with the government to support this growth,’ Mr Lark said.


$1.5B initiative for the Australian manufacturing industry

The federal budget for 2020-21 is backing up the Australian manufacturing industry by investing $1.5B in the Modern Manufacturing Strategy over the next four years.

ICN Spring Capability News

Find out how ICN is supporting SMEs in this edition of Capability News

SA Newsletter September 2020

Find out how ICN SA is supporting industry and projects in the region.

NT Newsletter September 2020

Find out how ICN NT is supporting industry and projects in the region.

gateway arrow image
gateway arrow image


Use our powerful networking database to find your next project (big and small), or source the best suppliers across Australia and New Zealand.



Opportunities and insight delivered straight to your inbox. The latest procurement and supply chain news, events and projects in Australia and New Zealand. Just tell us your email address.